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Credit Suisse investigates traders over misconduct

Credit Suisse is investigating two of its traders in London over allegations of misconduct.

The Wall Street Journal reports that one trader on the European equities sales desk has been suspended since February, while her boss who runs the London desk went on leave in the summer in connection with the probe.

It is alleged the employee improperly shared client information with her husband, who worked as a trader at a rival bank. The information is said to have been shared via electronic chat rooms.

A review of the chat room transcripts and interviews with employees also suggest traders were using vulgar language and were watching pornography on the trading floor.

In a statement to the BBC, Credit Suisse says: “We cannot comment on employee matters under investigation. However, any allegations of this nature are taken very seriously at Credit Suisse.”

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